Toro Corp. Announces Final Results of Tender Offer for Common Shares
Toro Corp. (NASDAQ: TORO), a global energy transportation services provider, has announced the final results of its tender offer that expired on August 7, 2025. The company will purchase 20,344 common shares at $2.75 per share, resulting in an aggregate cost of approximately $55,946.00 excluding fees.
Following a previously announced sale of one LPG carrier, Toro's fleet will consist of three LPG carriers and one MR tanker vessel that transport petrochemical gases and refined petroleum products worldwide.
Toro Corp. (NASDAQ: TORO), fornitore globale di servizi di trasporto energetico, ha reso noti i risultati definitivi della sua offerta, scaduta il 7 agosto 2025. La societ脿 acquister脿 20,344 azioni ordinarie a $2.75 per azione, per un costo complessivo di circa $55,946.00 al netto delle commissioni.
Dopo la vendita precedentemente annunciata di una nave LPG, la flotta di Toro sar脿 composta da tre navi LPG e un MR tanker che trasportano gas petrolchimici e prodotti petroliferi raffinati in tutto il mondo.
Toro Corp. (NASDAQ: TORO), proveedor global de servicios de transporte energ茅tico, ha anunciado los resultados finales de su oferta, que venci贸 el 7 de agosto de 2025. La compa帽铆a adquirir谩 20,344 acciones ordinarias a $2.75 por acci贸n, por un coste total aproximado de $55,946.00 excluyendo honorarios.
Tras la venta previamente anunciada de un buque LPG, la flota de Toro quedar谩 formada por tres buques LPG y un petrolero MR que transportan gases petroqu铆micos y productos petrol铆feros refinados a nivel mundial.
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Toro Corp. (NASDAQ: TORO), prestataire mondial de services de transport d'茅nergie, a annonc茅 les r茅sultats d茅finitifs de son offre arriv茅e 脿 茅ch茅ance le 7 ao没t 2025. La soci茅t茅 rach猫tera 20,344 actions ordinaires au prix de $2.75 par action, pour un co没t total d'environ $55,946.00 hors frais.
脌 la suite de la vente pr茅c茅demment annonc茅e d'un navire LPG, la flotte de Toro sera compos茅e de trois navires LPG et un p茅trolier MR qui transportent des gaz p茅trochimiques et des produits p茅troliers raffin茅s dans le monde entier.
Toro Corp. (NASDAQ: TORO), ein weltweit t盲tiger Anbieter von Energietransportdienstleistungen, hat die endg眉ltigen Ergebnisse seines Angebots bekanntgegeben, das am 7. August 2025 endete. Das Unternehmen wird 20,344 Stammaktien zu $2.75 pro Aktie zur眉ckkaufen, was zu Gesamtkosten von rund $55,946.00 ohne Geb眉hren f眉hrt.
Nach dem bereits angek眉ndigten Verkauf eines LPG-Schiffs besteht Toros Flotte nun aus drei LPG-Schiffen und einem MR-Tanker, die petrochemische Gase und raffinierte Erd枚lprodukte weltweit transportieren.
- Company demonstrates shareholder value return through tender offer completion
- Maintains strong fleet of 4 vessels (3 LPG carriers and 1 MR tanker) post-fleet optimization
- Small tender offer size ($55,946) indicates limited capital return to shareholders
- Fleet reduction through LPG carrier sale may impact future revenue potential
LIMASSOL, Cyprus, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (鈥淭oro鈥� or the 鈥淐ompany鈥�), a global energy transportation services provider, announces today the final results of its tender offer (the 鈥淥ffer鈥�), which expired at 5:00 P.M. Eastern time on August 7, 2025.
Based on the final count by Broadridge Corporate Issuer Solutions LLC, the depositary for the tender offer, 20,344 common shares (the 鈥淪hares鈥�) were properly tendered and not properly withdrawn prior to expiration of the Offer. The Company expects to accept all of these Shares for purchase in accordance with the terms of the Offer at a price of
If shareholders have any questions, please call our information agent, Georgeson LLC at (855) 733-5180 (toll free). Parties outside the U.S. can reach the information agent at +1 478-207-6120.
Important Additional Information about the Offer
This press release is for informational purposes only and is not a recommendation to buy or sell the Shares or any other securities, and it is neither an offer to purchase nor a solicitation of an offer to sell Shares or any other securities. The Offer was made solely pursuant to the Offer to Purchase and related Letter of Transmittal included, among other items, as exhibits to and as a part of the Issuer Tender Offer Statement on Schedule TO (the 鈥淪chedule TO鈥�) filed by the Company with the SEC. Investors may obtain a free copy of the Schedule TO, the Offer to Purchase, the Letter of Transmittal and other documents that the Company has filed with the SEC at the SEC鈥檚 website at www.sec.gov.
About Toro Corp.
Toro Corp. is a global energy transportation services provider, operating a modern fleet of oceangoing vessels. Following completion of the previously announced transaction to sell one of its LPG carriers, the Company's fleet will comprise of three LPG carriers and one MR tanker vessel that transport petrochemical gases and refined petroleum products worldwide.
Toro is incorporated under the laws of the Republic of the Marshall Islands. The Company's common shares trade on the Nasdaq Capital Market under the symbol 鈥淭ORO鈥�.
Cautionary Statement Regarding Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the 鈥淪ecurities Act鈥�) and Section 21E of the Securities Exchange Act of 1934, as amended (the 鈥淓xchange Act鈥�). Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. We are including this cautionary statement in connection with this safe harbor legislation. The words 鈥渂elieve鈥�, 鈥渁nticipate鈥�, 鈥渋ntend鈥�, 鈥渆stimate鈥�, 鈥渇orecast鈥�, 鈥減roject鈥�, 鈥減lan鈥�, 鈥減otential鈥�, 鈥渨ill鈥�, 鈥渕ay鈥�, 鈥渟hould鈥�, 鈥渆xpect鈥�, 鈥減ending鈥� and similar expressions identify forward-looking statements.
Forward-looking statements are subject to risks, uncertainties and other factors because they relate to events and depend on circumstances that may or may not occur in the future and/or are beyond our control or precise estimate. Such risks, uncertainties and other factors include, but are not limited to, those factors discussed under 鈥淩isk Factors鈥� in our Annual Report on Form 20-F for the year ended December 31, 2024 and our other filings with the SEC, which can be obtained free of charge on the SEC鈥檚 website at http://www.sec.gov. Except to the extent required by applicable law, we disclaim any intention or obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT DETAILS
For further information please contact:
Investor Relations
Toro Corp.
Email: [email protected]
FAQ
What are the final results of Toro Corp's (NASDAQ: TORO) tender offer in August 2025?
How many vessels will Toro Corp's fleet include after the announced LPG carrier sale?
What was the tender offer price per share for Toro Corp's August 2025 offer?
When did Toro Corp's tender offer expire?
